Metals Channel
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

MP Crosses Critical Technical Indicator
Wednesday, May 31, 2:53 PM ET, by Market News Video Staff

In trading on Wednesday, shares of MP Materials Corp (MP) entered into oversold territory, changing ...

Analyst Favorites: MP Materials Ranks As a Top Metals Pick
Wednesday, June 14, 11:52 AM ET, by Market News Video Staff

A study of analyst recommendations at the major brokerages shows that MP Materials Corp (MP) ...

IWP's Holdings Could Mean 10% Gain Potential
Thursday, June 15, 8:54 AM ET, by Market News Video Staff

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

Noteworthy Wednesday Option Activity: PENN, WOLF, MP
Wednesday, July 5, 4:23 PM ET, by Market News Video Staff

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy ...

First Week of July 21st Options Trading For MP Materials
Friday, July 7, 10:40 AM ET, by Market News Video Staff

Investors in MP Materials Corp (MP) saw new options begin trading this week, for the ...

MP Materials Corp Stock Getting Very Oversold

By Metals Channel Staff, Friday, August 18, 12:21 PM ET
Play Video: Learn About The RSI

If the video does not load after a few moments, Upgrade to the Latest Flash Player.
Email EnvelopeFree Email Alerts By Stock:
Get Dividend Alerts
Get SEC Filing Alerts

In trading on Friday, shares of MP Materials Corp (NYSE:MP) entered into oversold territory, changing hands as low as $20.655 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

In the case of MP Materials Corp, the RSI reading has hit 29.1 — by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 41.6, the RSI of Spot Gold is at 5.1, and the RSI of Spot Silver is presently 14.0.

A bullish investor could look at MP's 29.1 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.

Looking at a chart of one year performance (below), MP's low point in its 52 week range is $20.21 per share, with $38.34 as the 52 week high point — that compares with a last trade of $20.73. MP Materials Corp shares are currently trading off about 2.7% on the day.

MP Materials Corp 1 Year Performance Chart

Can your brain be trained to become a chart-predicting wizard? Click here to find out

This Article's Word Cloud:   Channel   Click   Corp   Friday   Gold   Index   Looking   Materials   Metals   NYSE   Oversold   Relative   Silver   Spot   Start   Stocks   Strength   about   analysis   average   become   begin   below   brain   bullish   case   changing   chart   compares   comparison   considered   could   covered   currently   define   entered   entry   exhausting   look   mdash   oversold   point   reading   share   shares   territory   that   trading   week   with

MP Materials Corp Stock Getting Very Oversold | | Copyright © 2010 - 2024, All Rights Reserved

Nothing in Metals Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and metals stock videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Metals Channel; Meet Our Editorial Staff.